Economist tell stories as the vending machine story

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Reference no: EM13999695

Economist tell stories as the vending machine story:

-to show how their theory can predict a least one real-world situation

-as a way of rigorously testing economic theory

-in order to breath life into economic theory and personalize abstract ideas

-because doing so is a required part of the scientific method

- because economics is an art, not a science

Reference no: EM13999695

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